http://www.straitstimes.com/asia/east-asia/samsung-s6-phone-emits-smoke-on-china-airlines-flight
Be careful when you use Samsung and Apple. Both brands are like miniature explosive devices now.
Saturday, December 10, 2016
Vietnam is doing construction on South China Sea reef but no country is condemning it!
https://sg.news.yahoo.com/satellite-images-appear-show-vietnam-dredging-disputed-reef-044309502.html
If we are supportive of a rule-based system, we must condemn any country that seeks to increase tension in South China Sea. Why are we only condemning China but condoning other countries to do constructions on the reef or isle?
This only shows that we are only targeting China. No wonder China is unhappy!
If we are supportive of a rule-based system, we must condemn any country that seeks to increase tension in South China Sea. Why are we only condemning China but condoning other countries to do constructions on the reef or isle?
This only shows that we are only targeting China. No wonder China is unhappy!
Baltic dry index - 1090
Today, Friday, December 09 2016, the Baltic Dry Index decreased by 32 points, reaching 1090 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
US rig count - 624
HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by 27 this week to 624.
A year ago, 709 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.
Houston oilfield services company Baker Hughes Inc. said Friday that 498 rigs sought oil and 125 explored for natural gas this week. One was listed as miscellaneous.
Texas gained 17 rigs, Colorado increased by six, Wyoming gained three, Pennsylvania increased by two and Arkansas, Kansas, New Mexico and North Dakota each gained one.
Alaska, Louisiana and Oklahoma each declined by one.
California, Ohio, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.
Market mover for next week - FED Meeting!
A quarter point hike in interest rate is expected for next week FED meeting. Conversely, if there is a surprising move like a 50bp hike or a statement to denote a hawkish stance instead of a gradual rise in interest rates in 2017, stock markets will react negatively.
Please watch out for FED outcome and align your investment decision to the result.
Please watch out for FED outcome and align your investment decision to the result.
It's official! SK president Park has been impeached.
http://time.com/4596318/south-korea-president-impeachment-park-geun-hye-corruption-choi-soon-sil-protests/
President Park has lost her presidential power. She cannot implement and execute anything in South Korea now.
We had predicted this outcome in our previous post.
President Park has lost her presidential power. She cannot implement and execute anything in South Korea now.
We had predicted this outcome in our previous post.
China is supposed to gain market economy status after 15 years upon joining WTO.
http://english.cri.cn/12394/2016/12/09/3521s946895.htm
WTO members signed the covenant to grant China market economy status automatically after 15 years upon joining WTO. If WTO members don't grant China the market economy status, they're showing the world their non-credibility and despicability because they don't honour the contract they sign.
Japan has shown that it is non-credible and despicable because it won't honour the contract it signs. Let's see who are non-trustworthy in WTO.
WTO members signed the covenant to grant China market economy status automatically after 15 years upon joining WTO. If WTO members don't grant China the market economy status, they're showing the world their non-credibility and despicability because they don't honour the contract they sign.
Japan has shown that it is non-credible and despicable because it won't honour the contract it signs. Let's see who are non-trustworthy in WTO.
Friday, December 9, 2016
How will Singapore economy perform in 2017?
http://www.businesstimes.com.sg/government-economy/nomura-sounds-bearish-call-on-spore-economy-cuts-2017-gdp-growth-forecast
Nomura predicted that SG's economy will grow by 0.7% in 2017 which is far below the 1-3% predicted by our government.
However, Deutsche predicts that SG will grow by 2.3% in 2017.
http://business.asiaone.com/news/singapore-economy-could-expand-23-2017-deutsche-bank
Who is correct?
I think Deutsche is too optimistic on SG without an in-depth understanding of the surrounding economic situations. Pakistan port has started operations and will reduce port cargoes to SG which has never existed before. Furthermore, interest rates will be higher in 2017 and this will increase business costs. Last but not least, asian currencies depreciation will create inflations in Asia.
I just can't see how SG will perform so well in 2017 with 2.3% growth when there's so many negative factors.
Nomura predicted that SG's economy will grow by 0.7% in 2017 which is far below the 1-3% predicted by our government.
However, Deutsche predicts that SG will grow by 2.3% in 2017.
http://business.asiaone.com/news/singapore-economy-could-expand-23-2017-deutsche-bank
Who is correct?
I think Deutsche is too optimistic on SG without an in-depth understanding of the surrounding economic situations. Pakistan port has started operations and will reduce port cargoes to SG which has never existed before. Furthermore, interest rates will be higher in 2017 and this will increase business costs. Last but not least, asian currencies depreciation will create inflations in Asia.
I just can't see how SG will perform so well in 2017 with 2.3% growth when there's so many negative factors.
China foreign reserves have dropped to USD3.05T!
http://www.businessinsider.sg/chinese-foreign-reserves-slide-as-yuan-falls-2016-12/?r=US&IR=T
When China foreign reserves are falling, RMB will fall too. Nothing surprising. Just read our previous posting and you will understand the rationale.
When China foreign reserves are falling, RMB will fall too. Nothing surprising. Just read our previous posting and you will understand the rationale.
DBS is selling customer data in Hong Kong!
https://www.bloomberg.com/news/articles/2016-12-09/hkma-expresses-concern-after-report-of-dbs-arrests-in-hong-kong?cmpid=yhoo.headline&yptr=yahoo
OMG! After our tanks seizure, DBS HK has contravened HK's laws!
OMG! After our tanks seizure, DBS HK has contravened HK's laws!
Do you know how to count triangles?
Only those with IQ more than 120 can find 18 triangles.
Thursday, December 8, 2016
EU has started to cut back on its QE!
http://www.businesstimes.com.sg/government-economy/ecb-unexpectedly-cuts-asset-buys-to-60b-euros-per-month-from-april
How will this affect economies?
Well, there will be lesser cheap monies in the market now and interest rates will slowly inch up in EU. Nonetheless, QE has proven to be not working in the real economies except for stock markets. Therefore, the impact of lesser QE will only affect the stock markets more than the main streets.
How will this affect economies?
Well, there will be lesser cheap monies in the market now and interest rates will slowly inch up in EU. Nonetheless, QE has proven to be not working in the real economies except for stock markets. Therefore, the impact of lesser QE will only affect the stock markets more than the main streets.
New documentary - The coming war on China
https://newint.org/features/2016/12/01/the-coming-war-on-china/
This documentary shows that USA is the aggressor because it wants to retain its hegemony in the world.
Just look at the more than 400 military bases encircling China. How can China sit back and do nothing? China has the prerogative to protect itself and its citizens against USA.
This documentary shows that USA is the aggressor because it wants to retain its hegemony in the world.
Just look at the more than 400 military bases encircling China. How can China sit back and do nothing? China has the prerogative to protect itself and its citizens against USA.
Wednesday, December 7, 2016
Iphones are starting to explode now! Becareful!
http://www.dailymail.co.uk/sciencetech/article-4005082/Are-iPhones-exploding-Apple-users-China-complain-handsets-caught-fire.html
It looks like companies don't care about quality anymore!
It looks like companies don't care about quality anymore!
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